Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Gemfields March emerald auction realises average price of $4.45/ct

26 march 2024

Gemfields sold 3.85 million carats of rough emeralds from its 75%-owned Kagem mine in Zambia for $17.1 million during the March auction.

The emeralds were sold at an average price of $4.45 per carat.

It sold 2.97 million carats of emeralds in March 2023 at an average price of $7.13 per carat, generating $21.2 million in revenue.

Gemfields had offered 4.17 million carats, or 43 lots, for sale, but only 40, or 93%, were sold.

The 47 auctions of Kagem gemstones held since July 2009 have generated just above $1 billion in revenues.

“We are pleased to conclude another successful Kagem auction, demonstrating that the commercial-quality emerald market remains in good shape and prices achieved are broadly in line with the September 2023 commercial-quality auction,” said Gemfields’ managing director of product and sales, Adrian Banks.

He said the parcels accounted for 55% of the auction by weight, resulting in the lower overall dollar-per-carat figure realised at this auction.

“The three unsold lots were also not typical auction grades, being one large cluster of low-quality crystals and two lots of ‘Fines’ comprised of small-size material, said Banks.

“We now look forward to our next higher-quality emerald and mixed-quality ruby auctions to be held in Bangkok over May and June 2024.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished